Lennar Co. (NYSE:LEN) Receives $167.50 Average PT from Brokerages

Lennar Co. (NYSE:LEN) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $167.19.

A number of research analysts recently commented on the stock. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. UBS Group lowered their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th.

Hedge Funds Weigh In On Lennar

Several institutional investors and hedge funds have recently bought and sold shares of the business. Generali Asset Management SPA SGR purchased a new position in Lennar during the fourth quarter valued at approximately $5,400,000. Horizon Investments LLC increased its stake in shares of Lennar by 2.1% in the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company’s stock worth $629,000 after acquiring an additional 98 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Lennar by 458.8% during the fourth quarter. TCTC Holdings LLC now owns 447 shares of the construction company’s stock worth $61,000 after acquiring an additional 367 shares in the last quarter. Cibc World Markets Corp boosted its position in Lennar by 14.9% during the fourth quarter. Cibc World Markets Corp now owns 37,654 shares of the construction company’s stock valued at $5,135,000 after purchasing an additional 4,889 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Lennar by 10.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company’s stock valued at $1,006,000 after purchasing an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 0.6 %

LEN opened at $122.61 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar has a 12 month low of $121.40 and a 12 month high of $193.80. The stock’s 50 day moving average price is $141.34 and its 200 day moving average price is $164.66. The stock has a market cap of $32.56 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.82 earnings per share. As a group, research analysts predict that Lennar will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.63%. Lennar’s payout ratio is presently 13.95%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.